Creating New Financial Years

Every transaction is posted to a financial year and a period within it, usually one period for each month. Your first financial years are set up with your accounts. Before each new year starts, create its financial year and its periods.

Create a financial year

1. Open the Aedon.Setup app and click the Financial Years tab.
2. Click New⁽¹⁾. To add several years from a spreadsheet, click Import Financial Years⁽²⁾ instead and download the template from the upload page.

3. Enter the Start Date⁽¹⁾ and End Date⁽²⁾ of the year.
4. Enter the Financial Year Name⁽³⁾, for example FY JAN 2027 - DEC 2027.
5. Choose the Company⁽⁴⁾.
6. Click Save⁽⁵⁾, or Save & New to create another year.

Watch it step by step: click through the interactive walkthrough below.

Out of date? Let us know and we’ll update the walkthrough.

Create the periods

Periods aren’t created automatically, so add them once the financial year exists.

1. In the Aedon.Setup app, click the Periods tab.
2. Click New⁽¹⁾, or click Import Periods⁽²⁾ to add all the periods for the year from a spreadsheet.
3. For each period, enter:Period Name, for example FY 2027 - JanStart Date and End DatePeriod Number, from 1 for the first month of the year to 12 for the lastFinancial Year and Company
4. Click Save.

Watch it step by step: click through the interactive walkthrough below.

Out of date? Let us know and we’ll update the walkthrough.

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